Foreign exchange (fx)
Pilot comes at a time when news reports suggest a group of 10 banks plan to launch a bank-only FX trading platform
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Foreign exchange (fx) articles
Currency ETCs have reached all-time highs as Ireland's impact on the eurozone sees the US dollar rebound.
Potential liquidity mirage in foreign exchange markets must be addressed, says Michael Cross
Push for global convergence in over-the-counter derivatives regulations means any US exemption is likely to be followed in other jurisdictions, says the EC’s Pearson
Expert paper calls on HMT to ensure EU legislation on clearing and reporting doesn't damage London's dominance or inhibit market activity in particular asset classes.
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.